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Moody’s agrees to acquire Cape Analytics, which develops geospatial AI for insurance providers
Financial services firm Moody’s announced on Monday that it has agreed to acquire Cape Analytics, a geospatial AI startup, for an undisclosed sum. The deal is expected to close in the first quarter of this year, subject to customary closing conditions.
The acquisition will grant Moody’s access to Cape’s geospatial AI analytics technology for insurance underwriting purposes. Moody’s CEO Rob Fauber stated that the company plans to create a property database capable of delivering “address-specific” risk insights for its insurance clients.
Cape Analytics, founded in 2014 by Suat Gedikli and Ryan Kottenstette, has developed a platform that utilizes geospatial image providers to extract structured data from satellite images. This information includes details about the condition of a property’s roof, whether it has solar panels, and other such characteristics. Cape claims that nearly half of the top property insurers and several leading banks have already begun using their technology to inform their pricing and underwriting strategies.
The acquisition marks Moody’s first deal in 2025, as well as its 23rd acquisition overall according to funding database Tracxn. The purchase expands Moody’s presence in the insurance sector, following previous deals such as Praedicat, a provider of casualty insurance analytics, and RMS, a climate and natural disaster risk modeling firm.
It is believed that Cape’s addition will not only enhance Moody’s existing capabilities but also propel its expansion into international markets and foster deeper ties with financial stakeholders beyond just insurance carriers.
Source: techcrunch.com
